HCM City’s enterprises keep pace with growth momentum

Illustrative image (Photo: VNA)

HCM City (VNA) - With flourishing economic results in the first six monthsof this year, many enterprises in Ho Chi Minh City expect to keep pace with thegrowth momentum to accelerate their production and business activities in thecoming months.

According to the municipal Statistics Office, in the period,total retail sales of goods rose by 9.7% year-on-year, revenue fromaccommodation and food services increased by 36.2%. In particular, the numberof foreign tourists to the city tripled over the same period, contributing to the boost in domestic demand and economic growth.

HCM City's total retail sales of goods in H1 rose by 9.7% year-on-year (Photo: VNA)

The index of industrial production (IIP) in June rose by2.3% month-on-month, and 4.8% against that of the same month of last year. Inthe January-June period, the IIP increased by 1.9% year-on-year.

A survey on business trends of manufacturing and processing enterprisesin Ho Chi Minh City also showed an improvement in production and businessactivities in the second quarter of 2023 compared to the previous one.Specifically, 19.3% of the enterprises rated their production and businesssituation as better; 34.1% held steady and 46.6% more difficult.

HCM City’s enterprises keep pace with growth momentum (Photo: VNA)

State-owned enterprises were the most optimistic with 66.7%of the respondents saying that their operations were better and kept stable. Meanwhile, therates in foreign-invested and non-state enterprises are 56.2% and 50.3%,respectively.

For the third quarter, 26.4% of the respondents predictedthat their production and business will be better, 35.1% stable, and 38.5% moredifficult./.

VNA